Financial Statement Analysis and Security Valuation

This book describes valuation as an exercise in financial statement analysis. Students learn to view a firm through its financial statements and to carry out the appropriate financial statement analysis to value the firm's debt and equity. The book takes an activist approach to investing, showing how the analyst challenges the current market price of a share by analyzing the fundamentals. With a careful assessment of accounting quality, accounting comes to life as it is integrated with the modern theory of finance to develop practical analysis and valuation tools for active investing.

ISBN 0073379662   Pages 784 ISBN13 9780073379661 (What's this?)   Volumes 1 Publisher McGraw-Hill Education - Europe   Weight (grammes) 1553 Imprint McGraw Hill Higher Education   Published in London Format Hardback   Previous ISBN 9780073127132 Publication date 01 Apr 2009   Height (mm) 261 Library of Congress 2009000972   Width (mm) 208 DEWEY 657.3   Spine width (mm) 30 DEWEY edition DC22   Academic level Undergraduate

List of Cases List of Accounting Clinics 1 Introduction to Investing and Valuation 2 Introduction to the Financial Statements Part One Financial Statements and Valuation 3 How Financial Statements Are Used in Valuation 4 Cash Accounting, Accrual Accounting, and Discounted Cash Flow Valuation 5 Accrual Accounting and Valuation: Pricing Book Values 6 Accrual Accounting and Valuation: Pricing Earnings Part Two The Analysis of Financial Statements 7 Viewing the Business Through the Financial Statements 8 The Analysis of the Statement of Shareholders' Equity 9 The Analysis of the Balance Sheet and Income Statement 10 The Analysis of the Cash Flow Statement 11 The Analysis of Profitability 12 The Analysis of Growth and Sustainable Earnings Part Three Forecasting and Valuation Analysis 13 The Value of Operations and the Evaluation of Enterprise Price-to-Book Ratios and Price-Earnings Ratios 14 Anchoring on the Financial Statements: Simple Forecasting and Simple Valuation 15 Full-Information Forecasting, Valuation, and Business Strategy Analysis Part Four Accounting Analysis and Valuation 16 Creating Accounting Value and Economic Value 17 Analysis of the Quality of Financial Statements Part Five The Analysis of Risk and Return 18 The Analysis of Equity Risk and Return 19 The Analysis of Credit Risk and Return Appendix A Summary of Formulas Index

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